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ANDALUSIA WHISKEY

Operating

Blanco Whiskey Corporation

Alcohol · Blanco, TX, TX · Founded 2023

Fine handcrafted whiskeys produced in the heart of the Texas hill country

Post-money valuation ⓘ
$10.9M
As of Apr 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$862,606
Across 1 round since 2023
Latest share price
$2.50
Reg CF · Common Stock · Nov 2023 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$902K
$33K
2021
$912K
−$307K
2022
$814K
−$113K
2023
$927K
−$495K
2024
$826K
$671K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
FY2023 unaudited
FY2024
FY2025
Income statement
Revenue
$902,153
$912,017
$813,628
$926,926
$825,947
Cost of goods sold
$134,179
$193,621
$143,927
$3,137,557
$148,373
Gross margin
85%
79%
82%
-238%
82%
Net income
$33,330
-$307,183
-$112,968
-$494,752
$670,885
Taxes paid
$15,833
$59,675
$48,118
$35,840
$461,478
Balance sheet
Cash
$542,308
$542,793
$223,627
$165,025
$72,252
Accounts receivable
$0
$0
$0
$0
$0
Total assets
$1,286,704
$2,048,080
$2,072,751
$2,012,056
$2,402,666
Short-term debt
$15,446
$36,226
$53,323
$64,954
$140,623
Long-term debt
$632,600
$560,579
$1,121,613
$0
$1,048,795
Total liabilities
$648,046
$596,805
$1,174,936
$64,954
$1,189,418
Other
Headcount
—
9
11
—
9

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$10.0M
pre-money
Reg CF · Common · Nov 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Share counts as of Apr 30, 2026
ClassOutstandingVotes / shareShare of totalLast price
Common Stock4,000,0001100.0%$2.50Nov 2023

Principal holders% as the filing states it, Apr 30, 2026

  • Thomas Erwin1,578,947 Common Stock39.5%of company
  • Ty Phelps1,578,947 Common Stock39.5%of company
  • Everyone else (not named in filings)21.1%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $862.6K / $1.2MInvestors 599Post-money $10.9M

Team

5 people
Thomas Carter ErwinFounder
CEO & Director

Tommy Erwin grew up in Central Texas and finished his Bachelor's degree in Hospitality Management at the University of North Texas in 2001. In 2009 he finished his Masters of Science in Virology and Immunology at Texas State University and began working at Real Ale Brewing Company in Blanco, TX as the Quality Assurance Lab Manager. It was at Real Ale where Tommy met his friend and business partner Ty Phelps. Tommy and Ty formed a friendship over craft distilling and Single Malt Whiskey and eventually decided to go their own way by starting Andalusia Whiskey Company just a few miles down the road from the city of Blanco, TX. Tommy lives in beautiful Buda, TX with his supportive wife Leslie, and three awesome children, Carter, Reese, and Isla.

Ty Adams PhelpsFounder
President, CFO & Director

Ty Phelps grew up in the DFW area and received a bachelor of arts degree in Economics at Southwestern University in Georgetown, TX. Culinary school followed, which served as a pathway into the craft brewing field. Ty was a brewmaster at several breweries in Austin and the Texas Hill Country from 2001-2014. Ty's beer medaled at the Great American Beer Festival, the most prestigious beer competition in the US. In 2014, Ty and fellow Real Ale Brewing employee Tommy Erwin, started Andalusia Whiskey Company with the goal of making delicious handcrafted single malt whiskeys deep in the heart of the Texas Hill Country. The distillery and tasting room reside on Ty's working family farm outside of Blanco, formerly known as the Andalusia Ranch. Ty is married to Ericka, who enjoys art and helps out with the bottling at the distillery.

Kevin Lindsey
Tasting Room Manager

Kevin Lindsey was born in the Houston metro area and began his career as a discerning bartender in upscale establishments at the age of 18. Leaving the cocktail shakers behind, he embraced the world of distilling and cask aging. His journey lead him to Director Of Hospitality for Andalusia Whiskey Company. His keen understanding of flavors and knack for hospitality help patrons immerse themselves in the art and history of the craft. Devoted father to 2 teenage daughters (16 and 18), he brings a unique familial touch to the distillery where each visitor is welcomed as if they were part of his extended family.

Lucas "Moose" Allen
Head Distiller

Lucas "Moose" Allen is a whiskey enthusiast with a passion for smokey whiskeys, Stryker and Andalusia in general beckoned and he became a loyal patron. As opportunities to volunteer arose, Moose began to dedicate his time to learn brewing and distilling techniques which led to a position as a distiller. His passion in the production room led to the position of head distiller. Armed with a love and thirst for big, bold whiskeys and rums, he brings unmatched passion to the stillhouse. Moose was born in Lewisville, TX and grew up in the DFW and Houston Metro areas. He has been married for 19 years and has three children. Moose is an avid catfisherman and spent a bit of time on rockabilly, punk, and string bands in Central and Southeast Texas.

Mario Berry
Sales Manager

Mario-Sebastian Berry is a beverage and hospitality professional with 20 years of experience in the industry. He has had a lifelong passion for food and beverage — catching the bug early on while working at a restaurant owned by family friends as a teenager, and since the early aughts has worked in both the front and back of house in restaurants and bars, as a certified sommelier, bartender, retail wine and spirits manager, in catering and event management, beer and cider production, sales, as a food writer and he currently proudly proselytizes Andalusia Whiskey Co. across the Lone Star State. He grew up in Houston, where he still resides, and attended the Conrad N. Hilton College of Global Hospitality Leadership at the University of Houston. He is a doting cat dad, whiskey sipper and collector of most all things nerdy that loves to cook and break bread in the company of friends.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 2 of 3 annual reports (FY2023–FY2025)

Missing: 2024

599 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARApr 30, 20260002000519-26-000003
    EDGAR
  • Form C-UMay 6, 20240001665160-24-000790
    EDGAR
  • Form C-ARApr 19, 20240001665160-24-000397
    EDGAR
  • Form C/AFeb 29, 20240001665160-24-000146
    EDGAR
  • Form C/AFeb 1, 20240001665160-24-000059
    EDGAR
  • Form C/ANov 16, 20230001665160-23-001948
    EDGAR
  • Form CNov 16, 20230001665160-23-001946
    EDGAR
Source: ManualCIK 0002000519DEShare price $2.50

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.